Health insurance companies will pay for exchange participation

December 3, 2012December 1, 2012 Julie Campbell

The Obama administration has announced that insurers will be charged to sell from the online marketplaces. On Friday, the Obama administration announced that health insurance companies will now need to pay in order to participate in the online exchanges so that they can sell their plans to the millions of American individuals, families, and small businesses who will be using the marketplace. The “user fees” are designed to help to pay for the cost of creating and operating the exchanges. Unfortunately, the primary concern is that the cost of the…

Costly Ohio insurance exchange may have to team with the federal government

October 7, 2011May 8, 2013

Independent IT consultants in Ohio were tasked with calculating the cost of an insurance exchange in the state earlier this year. The state is required by federal law to establish an exchange by 2014 in an effort to streamline health insurance. The undertaking is in no way small, as a great deal of digital infrastructure must first be made, the price of which may be daunting. According to the state’s consultants, the technology alone will cost $63 million. The sum is quite high when compounded by the additional expensive associated…